OREANDA-NEWS. The Aozora Bank Group in cooperation with regional financial institutions in the Kyushu region announced the establishment of the ‘Kyushu Regional Revitalization Fund’.

This recovery fund has been established exclusively for financial institutions in the Kyushu region and is the third to be established through Aozora Chiiki Saisei Co., Ltd. as part of its development of regional funds. This also represents the first recovery fund established through Aozora Chiiki Saisei Co., Ltd. which goes beyond the prefectural level to include financial institutions throughout the whole region.

Taking advantage of the ‘Kyushu Regional Revitalization Fund’, the Aozora Bank Group also today announced the formation of a business alliance with Howa Bank, Ltd., Miyazaki Taiyo Bank, Ltd. and Minami Nippon Bank, Ltd. to provide business recovery support to their clients.

The fund aims to more actively provide support for the business recovery needs of SMEs and other clients in Oita Prefecture, Miyazaki Prefecture, Kagoshima Prefecture and surrounding areas through the combined business recovery expertise of the Aozora Bank Group and the financial institutions participating in this business alliance.

The Aozora Bank Group is committed to contributing to the invigoration of regional economies and SME business recovery beyond the expiration of the

Act Concerning Temporary Measures to Facilitate Financing to SMEs through the establishment and operation of funds such as the Kyushu Regional Revitalization Fund.